Townsquare Media's (TSQ) Outperform Rating Reaffirmed at Barrington Research

Key Points

• Townsquare Media's stock has been reaffirmed with an "outperform" rating by Barrington Research, which set a target price of $13.00, suggesting a potential upside of 93.16% from its previous close.
• The company reported a negative EPS of ($0.05) in its latest quarterly earnings, meeting analysts' consensus estimates, with revenue reaching $98.68 million.
• Significant insider activity includes COO Erik Hellum selling 10,000 shares at an average price of $7.09, reducing his position by 1.36%.

Townsquare Media (NYSE:TSQ - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Barrington Research in a research note issued to investors on Thursday,Benzinga reports. They currently have a $13.00 target price on the stock. Barrington Research's target price would indicate a potential upside of 93.16% from the stock's previous close.

A number of other brokerages have also weighed in on TSQ. Noble Financial reaffirmed a "buy" rating and issued a $21.00 price target on shares of Townsquare Media in a research note on Friday, May 9th. Wall Street Zen downgraded shares of Townsquare Media from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th.

Townsquare Media Stock Performance

Shares of Townsquare Media stock traded down $0.05 during trading hours on Thursday, reaching $6.73. The company's stock had a trading volume of 8,625 shares, compared to its average volume of 85,962. The company's 50 day simple moving average is $7.45 and its 200 day simple moving average is $7.71. Townsquare Media has a one year low of $6.47 and a one year high of $11.52. The stock has a market cap of $110.04 million, a P/E ratio of -5.07, a price-to-earnings-growth ratio of 1.25 and a beta of 1.15.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). Townsquare Media had a negative return on equity of 41.58% and a negative net margin of 3.41%. The firm had revenue of $98.68 million during the quarter, compared to the consensus estimate of $98.50 million. On average, sell-side analysts predict that Townsquare Media will post 1.07 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Erik Hellum sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $7.09, for a total value of $70,900.00. Following the completion of the transaction, the chief operating officer owned 723,948 shares of the company's stock, valued at approximately $5,132,791.32. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 35,000 shares of company stock worth $246,267 in the last quarter. 30.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN grew its stake in Townsquare Media by 56.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,296 shares of the company's stock valued at $57,000 after acquiring an additional 2,259 shares in the last quarter. Copeland Capital Management LLC grew its position in Townsquare Media by 73.4% during the first quarter. Copeland Capital Management LLC now owns 6,753 shares of the company's stock valued at $55,000 after purchasing an additional 2,859 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Townsquare Media by 1,086.0% in the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company's stock valued at $76,000 after buying an additional 7,700 shares during the period. Hsbc Holdings PLC purchased a new stake in Townsquare Media in the 1st quarter worth approximately $86,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Townsquare Media during the 1st quarter valued at $122,000. Hedge funds and other institutional investors own 71.69% of the company's stock.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.

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